Thanks for your input guys, but neither of you answered the question, which was not a "trick" question Dan.I often am asked by new investors if they should use the services of attorneys, CPAs, etc. or go at it alone until they make enough $ to afford them.That is the common question, not how much financial planners make. the FP was just one of many professional which a person can utilize, I was not specifically referring to them.Any real thoughts on how YOU would answer this question if asked of you by a new investor?

Of course a team of trusted rehabbers/wholesalers, one solid Realtor and a title company that my investment network can refer and depend on!

I concur Jeff.Spending money that you don't have is not a long term solution to anything but winning political races.That goes for Dems and Repubs.

If you are referring to capital expense reserves, you want anywhere from 5%-10% of the gross annual income as a reserve fund, depending on the age, location, etc. of the units you are buying.As far as building this reserve initially, one option Mike did not mention is to have the purchase contract stipulate a deferred maintenance credit from the seller to you.

Is he licensed/insured and has references?

Either a water and vinegar solution or you can use a product called Nature's Miracle which can kill urine odor.

That title sounds like you work at a bank and know the exact person you'd be referring to huh...

I referred to it earlier as the Perfect Storm forming and I seriously believe it.

I think that what you are referring to is a law to help homeowners with their estate planning.

I know that I will be paying excise tax on the sale as well as potential short terms gains, but I cannot find any other solution to get myself out of this hard money first that is just depleting my bank account!